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GT Resources Inc. (CGTRF) is a Canadian mineral exploration and development company with a strategic focus on climate change risks and opportunities. Specializing in critical Green Transportation Metals such as sulphide nickel, copper, palladium, platinum, and cobalt, GT Resources is actively advancing district scale deposits in Canada and Finland. The company's key projects include the Läntinen Koillismaa (LK) Project in Finland, a PGE-copper-nickel project with existing NI43-101 Mineral Resources, and high-grade nickel-copper projects in Ontario and Yukon, Canada. Embracing a Net-Zero Greenhouse Gas emissions strategy, GT Resources aims to minimize environmental impact throughout exploration, development, and mining activities. Stay updated on GT Resources' innovative initiatives by following them on LinkedIn, Twitter, and their official website.
GT Resources has commenced diamond drilling on the Canalask Nickel-Copper Project, targeting Electromagnetic (EM) anomalies.
The initial drill hole targets a 1000m x 400m EM Maxwell plate near a historical resource estimate containing 1.35% nickel in 400kt of material. The goal is to locate massive copper-nickel sulphide mineralization.
The drilling program will cover up to 2,000 meters and include downhole EM surveys. The Canalask project is situated in the White River Intrusive Complex, known for its potential for magmatic nickel-copper sulphide deposits.
The technical details were reviewed by Neil Pettigrew, Vice President of Exploration at GT Resources.
GT Resources announced the completion of a C$1.84 million non-brokered private placement financing. The funds will be used for exploration at the Canalask Nickel-Copper Project in the Yukon. The company aims to drill up to 2,000 meters targeting the EM Maxwell plate and conduct additional surveys to locate massive copper-nickel sulphide mineralization. Notably, previous samples collected at the site reported up to 6.1% Cu and 0.15% Ni. Additionally, Glencore Canada acquired 26,666,667 common shares, increasing its ownership to 16.1%. The shares are subject to a four-month hold period, and the private placement awaits final TSX Venture Exchange approval.
GT Resources Inc. has changed its OTC Markets ticker symbol to 'CGTRF' from 'NKORF' to better reflect its new name after a rebranding. Shareholders are not required to take any action regarding the change.
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